The president Javier Milei This Saturday he referred to the arrival of the Sports Joint Stock Companies (SAD) in football, after the president of Students of La Plata, Juan Sebastián Verónwill sign a pre-agreement with the American businessman Foster Gillett which will allow the club to receive a initial investment of around US$150 milliongenerating a mixed company.
In this context, the president assured that “Students are on their way to being a SAD”and celebrated: “It will be for the benefit of its members and fans. Fortunately Estudiantes has a president who has not only been an exceptional and exquisite soccer player, but also has important intelligence,” in radio statements.
“He is a guy with significant intelligence and who he is clearly seeing herso he is taking the club to the right place. I take my hat off,” he reassured.
However, a while later the former Argentine national team player came out to declare: “Students or the club we are not going to be a public limited companybut football will form a new society and possibly in the future a legal tool will be used to give tools to whoever wants to come and invest, because no one is going to invest in a civil association.”
Meanwhile, the La Plata club is preparing to compete in a year with a lot of competition, especially aiming for the Copa Libertadores. So far in the transfer market, the team led by Eduardo Dominguez announced the arrivals of Cristian Medina (Boca) and Lucas Alario (Porto Alegre International), while suffering a large number of casualties: Federico Fernández (retirement); Pablo Piatti (retired); Axel Atum (loan to Racing de Montevideo); Ezequiel Naya (returned from Sarmiento and returns to Deportivo Garcilaso); Carlo Lattanzio (returned from Atlanta and went free to Almagro) and Aarón Spetale (free to Tambetary).
Students take the first step: Verón confirmed a contract with a US businessman for a million-dollar investment
At the UNO stadium, Verón will lay the foundations for the aforementioned partnership and this project not only promises to strengthen the club but could also open the door for a new era of private investments in Argentine footballin the middle of the disputes that exist between the AFA and the National Government over the implementation of Sports Joint Stock Companies (SAD) in the country.
The pre-agreement that will be signed by Gillett (represented in Argentina by the businessman Guillermo Tofoni), establishes a commitment to permanent reinvestment for more than 15 years. In the coming months, lawyers and accountants from both parties will refine the details to submit the final contract for the approval of the partners at an Extraordinary Assembly scheduled for December.
Verón emphasized that Estudiantes will continue to be a civil association and that the partners will have the final say on this innovative investment project.
The framework of this agreement will be that of a mixed company, in which the club’s assets will not be at risk, since, with the endorsement of the partners, Estudiantes would become the first club to open itself to external investment under this model. , which aroused the interest of the National Government led by Javier Milei and generated an ideological debate with the AFA.
Gillett’s investment would cover both professional football and the lower divisions and other disciplines. In terms of infrastructure, it is planned to roof the UNO stadium, build new fields at the City Bell Country Club and build a modern training center that will include micro stadiums for various activities.
Source: Ambito
